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Asia-Pacific ratings roundup through March 8

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Asia-Pacific ratings roundup through March 8

S&P Global Market Intelligence presents a summary of ratings actions on Asia-Pacific financial institutions and economies. Ratings actions are listed by announcement date in reverse chronological order.

March 7

* S&P Global Ratings assigned Union Bank of Taiwan Ltd. BBB- long-term and A-3 short-term issuer credit ratings, with a stable outlook.

March 6

* Fitch Ratings upgraded the short-term foreign currency issuer default ratings of PT Bank Maybank Indonesia Tbk and PT Bank OCBC NISP Tbk to F2 from F3, and affirmed their long-term issuer default ratings at BBB, with stable outlooks. The rating agency also affirmed PT Bank CIMB Niaga Tbk's long- and short-term issuer default ratings at BBB- and F3, respectively, with a stable outlook.

March 5

* Moody's affirmed the long- and short-term deposit ratings of TMB Bank PCL at Baa2/P-2. The outlook is positive. It also affirmed the bank's baseline credit assessment and adjusted baseline credit assessment at "ba1" and its counterparty risk rating at Baa1/P-2.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.